Once the Assessing Officer has taken the step of initiating ...

Penalty u/s 271AAA Blocks Further Penalties u/s 271(1)(c) for Same Income Disclosure.

February 15, 2018

Case Laws Income Tax AT

Once the Assessing Officer has taken the step of initiating penalty under section 271AAA of the Act in respect of additional income offered consequent to search, then the Assessing Officer or any of the authorities below are precluded by provisions of the Act itself to initiate any action for levy of penalty under section 271(1)(c) of the Act. - AT

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Once the Assessing Officer has taken the step of initiating ...

Penalty u/s 271AAA Blocks Further Penalties u/s 271(1)(c) for Same Income Disclosure.

February 15, 2018

Case Laws Income Tax AT

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